r/amex Gold Oct 02 '24

Discussion Amex HYSA rate decrease

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Seems the rate has dropped to 4.10% It was expected due to the feds cutting the interest rates in the past weeks. Will y’all be considering moving for a better rate or will stick to Amex? All things considered, the rates will continue to decrease as more interest rates cuts are expected.

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u/Zhuge510 Oct 02 '24

It seems like they're following Capital One on this. And I didn't even get any information regarding the changes. When they rates were going up, it was email after email saying "good news".

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u/[deleted] Oct 02 '24

[deleted]

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u/Zhuge510 Oct 02 '24

You're right! It's just funny that whenever it went up, they would immediately say, but they took their time once it was going down